Company expects to open roughly two hotels per week in the region in 2023
Marriott International, Inc. (NASDAQ: MAR) announced the milestone opening of its 1,000th hotel in Asia Pacific, signaling its continued confidence in the long-term growth potential of the region. The company entered the region nearly 50 years ago and has steadily increased its Asia Pacific footprint.
The Ritz-Carlton, Melbourne is the company’s 1000th property in Asia Pacific and marks the brand’s entry into the Australian city, showcasing a contemporary aesthetic, renowned service, and panoramic views above the city skyline.
The company anticipates adding 100 hotels – roughly two hotels per week – in Asia Pacific in 2023, expanding its footprint in key Asia Pacific markets including Australia, Indonesia, Japan, Thailand, Singapore, China, and India.
“The opening of Marriott International’s 1000th hotel in Asia Pacific is a true milestone, underscoring our confidence in the overall travel outlook, our ability to take hospitality to new heights with our associates and owners, and the power of Marriott Bonvoy in 2023 and beyond,” said Rajeev Menon, President, Asia Pacific (excluding Greater China), Marriott International. “We’re particularly thrilled to be expanding our footprint in new and emerging markets.”
“Being able to celebrate the opening of Marriott’s 1000th hotel in Asia Pacific is a testament to our vision for growth in the years to come in the region,” commented Yibing Mao, President, Greater China, Marriott International. “Greater China represents over half of the portfolio in terms of rooms in Asia Pacific and remains a strategic and vibrant market with tremendous growth potential. Together with the other markets in the region, the opportunities are exciting, and we look forward to building on this noteworthy milestone.”
Strengthening Portfolio in Asia Pacific
Growth in Asia Pacific is expected across multiple brand portfolio segments, anchored by the award-winning Marriott Bonvoy® travel program, a significant driver of hotel guest loyalty and occupancy rates.
Luxury Leads with Distinct Debuts – Across Marriott International’s luxury brand portfolio, 12 additional properties are expected to open in popular and emerging Asia Pacific destinations by the end of 2023. Notable openings include: The Ritz-Carlton brand’s refined elegance is set to expand in Japan with the country’s sixth Ritz-Carlton opening in Fukuoka. The Ritz-Carlton Reserve is slated to debut in the mountain valley of Jiuzhaigou in China with the opening of Rissai Valley, a Ritz-Carlton Reserve.
Luxury lifestyle brand, W Hotels, expects to celebrate its third hotel in Australia with the opening of W Sydney and plans to debut in Macau’s Studio City. JW Marriott anticipates delivering mindful experiences in captivating destinations from Jeju Island, South Korea, to Xi’an, China and Goa, India.
